POST FOMC MINUTES SELLING

The FN 5.5 dropped 6/32 after the FOMC minutes were released. The 5.5 FN MBS is now trading at 100-04. Although we are off the highs for the day most lenders priced at levels near 100-04 this morning.

If you recieved a re-price for the positive we are now in danger of losing those bumps